The "up-to-the-minute Market Data" thread, page 566
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reply posted on 5-11-2009 @ 02:33 AM by Regenmacher
reply to post by Cabaret Voltaire


I suppose there will always be people that think electing a specific flavor of corporate puppet is going to change the status quo.

India buying 200 tons of gold was the 800lb gorilla this week.

India shows hedge-fund savvy with gold grab Sydney Morning Herald


reply posted on 5-11-2009 @ 03:20 AM by Cabaret Voltaire
reply to post by Regenmacher


$6.7 billion isn't that much. On Wednesday, AAPL stock traded 17 million shares at $190 for a total of $3.2 billion total transaction value.

I'm sure the gold seller was happy to get the cash. Gold is just like anything else when it comes to trades. There is nothing really special about gold. It makes a terrible sword.



reply posted on 5-11-2009 @ 04:29 AM by Regenmacher
reply to post by Cabaret Voltaire


$7b X 200-300x leverage potential for a tangible asset such as gold = not much ehh? I have noticed it's hard to view the big picture through a fruit flavored microscope too. So here's an idea, let's tell Jobs to sell $7b in AAPL in one lump to see what happens to the company's share price. Since that amount is in no way considered a liquid asset , I'll give you a fire extinguisher so the bagholders err stockholders can't burn Steve at the stake, lol.

So surely you jest, implying an over-leveraged, deflating dollar-based electronic asset is a better monetary sword than any time valued finite resource, especially when the markets are riddled with rampant fraud, fractional reserve derivative absurdity, epic record debts, highly dependent outsourcing from a communist country and all is closing in on a whopper of a fiscal meltdown.

Einhorn nuked Godzilla was the clue of the week, btw

Lol, thanks for the laughs.





[edit on 5-11-2009 by Regenmacher]


reply posted on 5-11-2009 @ 06:46 PM by Vitchilo
reply to post by tiso_us


So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...


reply posted on 5-11-2009 @ 09:16 PM by tiso_us
Originally posted by Vitchilo
reply to post by tiso_us


So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...


That's why you don't believe in "rumors" especially in the markets, Right!!!. I believe in my gut instinct, works for me. That's why i sold my CIT stocks three weeks ago. but I didn't know there was a CITDQ or a CITBQ, but i would not invest in those either.

I was mainly wandering why CITGQ was a minus but CITDQ and CITBQ was up. isn't CITGQ, CITDQ, CITBQ the same stocks.



reply posted on 6-11-2009 @ 09:30 AM by marg6043
reply to post by peacelove


The gold rush is due to Asian markets manipulation, that has been going for many month already.


reply posted on 6-11-2009 @ 02:33 PM by marg6043
reply to post by DaddyBare


Remember that the world belong to the ones on the top while screwing the ones on the bottom, US economy is not different we know who hold the wealth and thanks to the tax payer they get to crap on the rest of us while holding the wealth.



reply posted on 6-11-2009 @ 02:49 PM by St Udio
Originally posted by Regenmacher
reply to post by Cabaret Voltaire


.

India buying 200 tons of gold was the 800lb gorilla this week.





i agree.... the 200 ton BUY was moderately important---because India is buying at the recent High Price & therefore believes the approaching $1,100 oz. is OK

whats more important is that the IMF was the seller of that tonnage of physical gold.... (thereby reinforcing the global 'Trust' that physical gold does actually exist in vaults around the world)

the IMF has another +200 tonnes of gold to SELL...probably to China...
but that transaction remains to be seen !

the USA contributed some number-of-tonnes to the IMF treasury as a 'price of entry'
(so that transfer of physical gold ingots...reaffirms that nations do actually possess physical gold... ->something that the doomers/gloomers suggest is not the case=== they maintain that bookeeping entries of Future Gold are all that remains of the 'alledged' gold stockpiles in national vaults===

hmmm... was the surprise release of physical gold just a ploy to maintain the Illusion....the illusion that national treasuries can at least provide a modicum of asset value to their Fiat money (with at least 'some' physical gold?)



whoa.... don't want to go down the rabbit hole just yet


reply posted on 6-11-2009 @ 02:54 PM by marg6043
reply to post by St Udio


Wait a moment, didn't China took a loan from the IMF a few months ago and them he started to buy gold?

Yes is somewhere bury in the many pages of this thread and now they are to buy more?

Are China and India in some kind of competition to control the gold resources now?


reply posted on 6-11-2009 @ 08:48 PM by sligtlyskeptical
Originally posted by tiso_us
Originally posted by Vitchilo
reply to post by tiso_us


So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...


That's why you don't believe in "rumors" especially in the markets, Right!!!. I believe in my gut instinct, works for me. That's why i sold my CIT stocks three weeks ago. but I didn't know there was a CITDQ or a CITBQ, but i would not invest in those either.

I was mainly wandering why CITGQ was a minus but CITDQ and CITBQ was up. isn't CITGQ, CITDQ, CITBQ the same stocks.


They are all different stocks. The Q's at the ends indicate their bankrupt status. The CITGQ is the old common stock which will be worthless post bankruptcy. The others are the various Preferred stocks which will also be worthless except they will get warrants which could have value if CIT returns to their old glory. These things will trade up and down as traders unwind hedged positions but will eventually fall to near zero if not absolute zero. Only way to play CIT at this point is with the bonds. I calculate they will offer a very attractive return from here but you would need to read the offering statement to come to your own conclusion.
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